BEPS | Tax Policy Center

Biden’s “Undertaxed Profit Rule” Would Complete US Adoption of BEPS Pillar 2

President Biden’s 2023 budget would replace the current 10 percent base erosion anti-avoidance tax (BEAT) on US subsidiaries of foreign corporations with a 15 percent...

April 27, 2022Thornton Matheson Thomas Brosy

Business Taxes: TaxVox

The International Spitting Match Over the Google Tax Intensifies

Call it the perils of one-off corporate tax settlements. While the developed world is trying—with limited success-- to figure out how to tax multinational corporations, individual countries are making their own deals to collect back taxes with those firms. It is not a pretty sight. Last week, the

February 1, 2016Howard Gleckman

: TaxVox

Wishes, Dreams, and Bittersweet Denials

Be careful what you wish for. Businesses have backed an overhaul of the US tax code for quite some time, but their tune changes when it comes to corporate tax reform in other countries. The Base Erosion and Profit Shifting project, or BEPS, is an effort by the Organization for Economic Cooperation

May 14, 2015Renu Zaretsky

: TaxVox

Last Minute, or Second- or Third-to-Last Minute, Deals Before the Holidays

Congress blows yet another budget deadline . After missing its chance to approve a spending bill to keep the government running after Thursday, Congress is now planning to vote this week on a very short-term continuing resolution —one good for just a few days. The measure is designed to keep the

December 10, 2014Renu Zaretsky

: TaxVox

EPA Regulations, International Taxation and Hitting the Sweet Spot

Will the EPA’s proposal to curb greenhouse gas emissions allow state-based carbon taxes? The new regulations would give states broad flexibility to require power plants to meet tough emissions standards, including creating new cap-and-trade systems. But the 645-page proposal never uses the word “

June 3, 2014Renu Zaretsky